The age range of those arrested today is 32 to 70 years old.
The 10 offenders arrested will appear in the Auckland District Court tomorrow and next Tuesday.
"Police will allege that this money-laundering operation was running out of a ... foreign exchange business operating within the Auckland CBD," Schmid says.
"Police will allege that those funds being laundered were helping to fund the importation of illegal drugs into New Zealand.
The funds were also generated by these individuals and organised crime groups involved in the manufacture and supply of drugs, theft, and fraud-related offending.
"Our inquiries to date indicate that funds were being laundered and sent offshore by those involved in this operation to settle payment for illicit drugs and other illicit commodities being sent to our country.
All three of the investigations have targeted high-end money launders operating across Auckland city.
"When we talking about money laundering, we talk about these funds that have been generated from illegal activity such as the importation, manufacture, sale and supply of controlled drugs, theft, fraud-related offending."
This is a timely reminder for anyone involved in this sort of activity that money laundering is not a victimless crime"
Schmid said the investigation so far hasn't established a link to any recognised gangs in New Zealand.
